Tue, 27 Apr 2010 | BUSINESS NEWS
Vue Entertainment, the cinema chain, is conducting a strategic review, as a result of news that 29 per cent shareholder, Lloyds Banking Group, is selling its stake.
The company is thought to be worth up to £440 million and operates 600 cinema screens around the UK, including a new multiplex at London’s Westfield Centre.
Chief executive Tim Richards and Deputy chief, Alan McNair said they would be open to a sale of the firm. The two men own a total of 51 per cent of the business.
Other options, aside from the sale, are said to include a possible refinancing deal or acquisitions – suggesting that a sale is far from the only option being looked at.
Tim Richards added that he had no intention of leaving his role in the business, adding, "We have been in the industry for 20 years and we love what we do. We are planning on not going anywhere." He continued, "The next two to four years are going to see huge growth on the back of digital and 3D."
Lloyds is said to be in talks with a joint venture led by Coller Capital over the sale of its stake in Vue.
This is a unique opportunity to acquire a full spectrum plastics solution service based in the East Midlands. The company has been operating for over 55 years. Offers are invited by Friday 14 March, 2025 at 5pm.
Bringing to the market this rare opportunity to acquire a long established and profitable bakery business with two busy shops and a significant wholesale business.
FREEHOLD
A longstanding and successful DIY store which has established itself as one of the region’s preferred providers. Available on a freehold basis, the company operates from an impressive 25,000 sqft retail property and holds an impressive reputation acr...
|
11
|
|
Mar
|
Edinburgh consultants Alba Partners buy London peer Core Consultants | BUSINESS SALE
Edinburgh-based management consultants Alba Partners has bou...
|
10
|
|
Mar
|
Pharmacy chain M&D Green buys nine pharmacies from peer N.R.Gordon | DIVISION SALE
Family-owned pharmacy chain M&D Green Group has bought nine ...
|
10
|
|
Mar
|
Solar consultants Simple Energy Matters buy facilities firm | BUSINESS SALE
Leicester-based Simple Energy Matters Group has bought facil...
|
11
|
|
Mar
|
Edinburgh consultants Alba Partners buy London peer Core Consultants | BUSINESS SALE
Edinburgh-based management consultants Alba Partners has bou...
|
10
|
|
Mar
|
75Media heads outside in deal with Mass Media | DIVISION SALE
Leeds-based outdoor media operator 75Media has bought Mass M...
|
10
|
|
Mar
|
Solar consultants Simple Energy Matters buy facilities firm | BUSINESS SALE
Leicester-based Simple Energy Matters Group has bought facil...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.